The month of July is now behind us. The major issue of the month continues to be the low price per barrel of crude oil. A few days ago, as reported on BNN, it appears that OPEC will not be cutting production for the foreseeable future. This will mean the price of oil will remain low until the supply dwindles.
I was not active in the accounts this month very much. I initiated an options trade on July 14 by purchasing call options in Toronto Dominion Bank (TD) on a Canadian Exchange. I closed this trade
rather quickly on July 16 as my limit order was filled. I own 100
shares of TD in my margin account which I purchased months ago.
The other activity in my account was the purchase of Bank Of Montreal
shares. I purchased 35 shares at $72.20, which you can read about here.
The Bank of Montreal is one of the five BIG banks in Canada. I did not
have enough cash on hand, so I used some margin to make the purchase
I still own shares in Sherritt
International as the stock price has fallen below my purchase price.
With the state of China and low price of Nickel, this placed fears in a
lot of investors.
I did acquire more shares through DRIPs.
Shares added due to drip
2 shares of ERF @ $10.33 for a total of $20.66
1 share of KMP @ $10.27 for a total of $10.27
On July 29, Scotia Bank paid a dividend. I hold my BNS shares directly
with the transfer agent. The entire dividend gets reinvested. I
received the dividend but I do not know how many shares are acquired or
the dividend re-investment price. This usually takes 3 to 7 days to
show up in the account.
of August 1, 2015, the value of my portfolio stands at $79266.82. This is
an increase of 0.40 %
over last month. I will
update my investing account tab above.
Disclosure: Long KMP, ERF, TD, BNS, BMO